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If you’re new to sports betting, you may be wondering what the difference is between a moneyline bet and a point spread bet. While both types of bets involve picking a winner, they do so in different ways. In this blog post, we’ll explain the key differences between moneyline and point spread bets so that you can make the best decision for your next wager.
Moneyline Bets
A moneyline bet is the most straightforward type of bet. When you make a moneyline bet, you simply pick the team or individual that you think will win. For example, let’s say that you want to bet on the outcome of a soccer match between Arsenal and Chelsea. If you think Arsenal is going to win, you would place a moneyline bet on them.
The odds for a moneyline bet will usually look something like this:
Arsenal (-110)
Chelsea (+120)
In this example, Arsenal is favored to win (indicated by the minus sign), while Chelsea is considered an underdog (indicated by the plus sign). The number after the minus or plus sign indicates how much you would need to bet in order to win $100. In this case, you would need to bet $110 on Arsenal to win $100, or $100 on Chelsea to win $120.
Point Spread Bets
A point spread bet is a little more complicated than a moneyline bet. With a point spread bet, you are essentially betting on whether a team will win by more than a certain number of points or not. For example, let’s say that you want to bet on an NFL game between the New England Patriots and the New York Jets. The Patriots are favored to win by 7 points. This means that they are expected to win the game by more than 7 points. In order for your point spread bet on the Patriots to win, they would need to beat the Jets by more than 7 points.
If you think the Patriots will win by more than 7 points, you would place a point spread bet on them. The odds for a point spread bet will look something like this:
New England Patriots -7 (-110)
New York Jets +7 (-110)
In this example, the minus sign indicates that the Patriots are favored to win by 7 points. The number after the minus sign indicates how much you would need to bet in order to win $100. In this case, you would need to bet $110 on the Patriots to win $100.
Conclusion
Now that you know the difference between moneyline and point spread bets, it’s time to start placing your wagers! Head over to our website to check out today’s games and lines. Good luck!
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